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it's tough to run a company when you have no idea what's going to happen in washington. lee cowan has that part of the story. >> reporter: joanne is running the numbers. her payroll is due this week. although she at least now has a hint of what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very... causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic and penetrant, a $2 million a year los angeles company that inspects, cleans and paints high-tech aircraft and aerospace parts. everything from fighter jets to mars rovers. any cuts in defense spending could mean cuts in her business too. and waiting has her on a fiscal cliff of her own. what does it do to there's another month, two months, three months of this? >> it could potentially impact the entire year. it doesn't allow you to make any plans or focus on what your future expansion or growth or anything is. >> reporter: it could shoot a hole in your whole
it's tough to run a company when you have no idea what's going to happen in washington. lee cowan has that part of the story. >> reporter: joanne is running the numbers. her payroll is due this week. although she at least now has a hint of what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very... causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's...
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know, the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally, talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation, but also that demand which they consider move og the goalpost even though democrats d
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd, you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy, the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were very, very close to sequester the automatic spending cuts remain an outstanding issue. and kind of got thrown into the mix again today. you know the president in that appearance in the executive office building today in front of a supportive crowd, not really a press conference, more of like a minirally talked about the sequester and his desire to have any delay in the sequester paid for with revenue increases. you know, i talked to a few house members just a few moments ago. not only ot tone of the president's presentation but also that demand which they consider move og the goalpost even though democrats disput
he's washington correspondent for "the takeaway" on public radio international and a regular guest on the newshour. so todd you're back with us again. six hours to go until midnight. progress reported but still to deal. >> senate republicans, judy the latest thing that has happened is senate republicans came out of a conference meeting with their leader, with mitch mcconnell all sounding positive. they all echoed what you had in the piece there from mcconnell saying they were...
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let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the framework from sources familiar with these negotiations. here are some of the things that are on it. taxes would rise to return to the clinton error rates for families making over 450,000 year to may individuals making more than 400 to a back to the top rate of 36%. there would be a permanent fix to the alternative minimum tax, which is something that congress patches every year. it affects about 30 million people and is worth about 90 billion per year. that would get fixed permanently according to the sources. the estat
let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the...
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will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a
will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation...
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with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion over the next decade, if they want to undo the sequester or do further cuts to medicare or social security, those -- that will all have to be part of, as he put it, a balanced package including revenues. he's saying even after this deal, the next deal, which we all expect to happen again because this is a pretty small deal, will have to include revenues as well. this gets to the key thing in these negotiations which is republicans are telling themselves if they agree to do a small tax increase now, they can go to the debt ceiling and then negotiate out an all spending cuts deal. the white house is telling th
with me now is ezra klein from "the washington post" and "huffington post's" sam stein. a lot of republicans didn't like what they heard from the president today and have complained about it loudly. >> no, they weren't super happy with his somewhat jaunty press conference but they had a more substantive complaint. in his press conference and this was genuinely important, he said after this deal, even once republicans have voted to increase taxes by about $600 billion...
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this is what washington is doing. that is the top priority. did you are the mean you're going to retain more taxes from the people that create jobs. that is the reality of it. leave it thereto and go on to might. caller: good evening. i have listened to all of this for years. i in 52 years old. when he left office he left the surplus. we spent trillions of dollars. president obama inherited a disaster. if the cuts go there are school districts, it would be a $2.5 million hit on our schools. they're going to start cutting programs on education, at the funding for breakfast in school for children. for some people these are the only males are kids get a deal -- a day. that is the way it is. we cannot cut funding for everything. if the people that have all this great just appeared we will talk more about this tomorrow on "washington journal." our guest will be george zornick and charles hurt. we're 21 more call on the republican line. caller: good evening. i object to the way the president makes these big fanfares. the whole truth is now coming ou
this is what washington is doing. that is the top priority. did you are the mean you're going to retain more taxes from the people that create jobs. that is the reality of it. leave it thereto and go on to might. caller: good evening. i have listened to all of this for years. i in 52 years old. when he left office he left the surplus. we spent trillions of dollars. president obama inherited a disaster. if the cuts go there are school districts, it would be a $2.5 million hit on our schools....
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. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will they learn how to talk to each other? will they drive off the cliff? oh, there's a cheap hollywood feel to this bhol narrative, this self-inflicted drama, and i hope no one ever, ever makes a movie about it. that does it for "the cycle." jonathan capehart is in the chair today? i feel like he's cheating on us. weren't you part of "the cycle", brother? >> i was, but it's a new day now. thanks guys. i'm jonathan capehart in for martin bashir on this december 31st, 2012. we're so very close to a deal that would stop all hell from breaking loose. oh, and happy new year. >> today it appears that an agreement to prevent this new yea
. >> just like those two in washington, they are talking but they're also posturing and posing instead of negotiating. it's gamesmanship. it's not cooperative governing but competitive dealmaking where each is merely trying to crush the other as daniel day-lewis' ruthless oil man did in "there will be blood." >> my sword reaches across the room and starts to drink your milkshake. i drink your milkshake. i drink it up! >> who will drink the other's milkshake? will...
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i live in washington, dc there is essentially no recession in washington. certainly not in the government sector so for the president to give a raise if a situation where most americans have not gotten a raise at all it looks bad and particularly bad at a time when the government seems to be frozen. >> a lot of people may argue that congress does not deserve a raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up? >>reporter: it will end up how we have always known which is republicans are going to agree to an increase in the tax rates for the highest earners. in exchange they will not get a lot. but there will be an agreement. they are haggling over the amount, $250,000 to $400,000, around that and concerns about sequestration cuts. i have talked to senator whose say they could live with the taxes but the automatic across-the-board cuts especially in defense, because the sequestration cuts are divides half between defense and half the rest of discretionary spending, that is disproportionate
i live in washington, dc there is essentially no recession in washington. certainly not in the government sector so for the president to give a raise if a situation where most americans have not gotten a raise at all it looks bad and particularly bad at a time when the government seems to be frozen. >> a lot of people may argue that congress does not deserve a raise considering this fiscal cliff situation and the breaking news is no voice in the house tonight. how will it end up?...
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there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue chips, there was some flip-flopping going on. the biggest gainer last year, the biggest dog of the dow. bank of america. doubled in price this year as the bank improved its financial footing. home depot and disney all saw strong earnings. consumers proved resilient in 2012. jpmorgan another of last year's dogs round out the top five with all big double digit percentage increases. if you look at the numbers, bank of america up a whopping 108%. home depot up 46%. now, hewlett-packard, the dow's second biggest loser in 2011 is this year's worst perform
there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue...
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david: i don't see a silver lining coming out of washington. but, congressman huelskamp, the reason i don't, i've seen all the promises broken in the past. the promise of three to one in terms of spending cuts to tax increases during the reagan administration. bush's two to one or whatever it was. all of those promises are broken. if the government gets more money, it will spend that money. it will not put it to pay down the debt, don't you agree? >> i agree. listen to what the president said a couple hours ago. he talked about sequestration and how bad those cuts were as if he hadn't signed the bill that did that. this was just 17 months ago. these are the first cuts that were to occur because of raising the debt ceiling. now they want to undo those. that's why folks, washington is all messed up. they promise spending cuts and don't deliver. david: let's put it to dennis in. he and i know each other a long time. we're friendly with each other. we like each other. dennis, can you ever point to a time when more revenue was paid to pay down the d
david: i don't see a silver lining coming out of washington. but, congressman huelskamp, the reason i don't, i've seen all the promises broken in the past. the promise of three to one in terms of spending cuts to tax increases during the reagan administration. bush's two to one or whatever it was. all of those promises are broken. if the government gets more money, it will spend that money. it will not put it to pay down the debt, don't you agree? >> i agree. listen to what the president...
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he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democrats. it's just a matter of getting it to a vote in the house. what's happened over the course of the day is we had this seesaw. when details leak out, that angers democrats, they go back to the negotiating room and fight for a bit more. then some details leaked out that there wer
he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will....
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the big problem the american economy has is right here in washington and our inability to get together across party lines to bring our country back into fiscal balance and to show the country and the world that we have a political system here that is capable of fixing our problems. bob -- earlier this year, bob carr, foreign minister of australia -- one of our greatest allies in the world -- said -- and i quote -- that "the united states is one budget deal away from restoring its global preeminence." the u.s. is one budget deal away from restoring its global preeminence, perhaps because some -- i'm so proud of this country, i'd say we're one budget deal away from restoring our global dominance for a considerable number of years. unfortunately, after i hope and pray we adopt the result of the negotiations going on now and avoid the fiscal cliff, we'll still be one grand bargain, budget deal away from restoring our -- our global preeminence. that work has to be done. but at least we will have avoided the cliff. mr. president, by a twist of fate, the occupant of the chair is my colleague
the big problem the american economy has is right here in washington and our inability to get together across party lines to bring our country back into fiscal balance and to show the country and the world that we have a political system here that is capable of fixing our problems. bob -- earlier this year, bob carr, foreign minister of australia -- one of our greatest allies in the world -- said -- and i quote -- that "the united states is one budget deal away from restoring its global...
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the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of democrats who don't like this, they want the president to fight. remains to be seen is that can it pass the house gop? house republicans said any type of deal that doesn't cut spending will not get our vote even if it comes out of the senate. still a long way to go on any final compromise. >> kristen, what are you hearing out of the white house right now? >> toure, i'm hearing that actually their optimism seems to be mounting this afternoon. they are hopeful. you heard mitch mcconnell say it on the senate floor, they're very, very close to
the fact to agree here in washington, d.c. about these numbers at $400,000 for individuals and $450,000 for couples, think about how much this is argued over over 10 years in washington. these tax levels. not just sunsetted later on, it's for couples and individuals permanently and a huge deal and what mitch mcconnell was trying to say, we have come to this agreement. voting to raise taxes. that's huge for republicans. don't scuttle it because of some hiccup over the sequester. now a lot of...
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people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank you. >>> we are heading towards the close. and about 35 minutes left. we continue to come off those highs. the dow was up 150 points at the peak. now a gain of 106 right now. >> we're sitting above the 13,000 mark. that's the level to watch. whether we can close out the year above that mark. >>> still ahead, what's going to happen in the worlds of tech in 2013? we've got predictions that might shock you like who might buy netflix. >>> also the five-year drop is truly ugly, but bank of america has been a agreement investment this year. should you stay with it for 2013 or will the
people in washington don't want to cut programs especially their own. real americans say we need serious entitlement reform. but the president is dead set against that. that's the problem here. long-term we've got to deal with entitlements. i don't think this deal would touch those at all. that is a serious problem that i think threatens the financial stability of our nation. >> all right. we appreciate your thoughts, folks. thank you very much. happy new year. >> you too. thank...
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news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night that we worked and were on fox business and looking at the situation. i would personally love to see some real spending cuts at this point. okay. fine. you talk to a lot of ceos. most of them and make money as saying, you can tax me more. at least give me something for it. let me see something that brings down our deficit. okay. great to see you. happy new year. thank you so much. most of the the seiders, our elected officials are in d.c. on this new year's eve with a heat lamp of the media and constituents on them right now. what will they do? we are joined right now. we kept grabbing peopl
news out of washington. the deal will get done. i hate to disagree with you. c'mon. the 11th-hour. i'm going to be the hero. it's already written out that way. reseeding gold and silver. obviously people did not want to be the first person and, once it started to gain momentum it took off. that's pretty much the stretch right now. liz: once again, assi wish you a happy new year, i love having you all on the program. on this day we are witnessing history. we can tell our children about the night...
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washington? they are now in the playoffs? who do you think surged at the end the most? >>guest: if you look at what the redskins are doing, it is very impressive, they were 3-6 at one point and the coach was trying to rally the troops and naming r.g. iii as co-captain and they have taken off. if you look who will ride the momentum more, the team they are playing against, the seattle see hawks are peeking at right time and r.g. ii is not the same quaterback of last few weeks with the knee injury, it limited him. any were able to pull out the victory but he did not look 100 percent and a team clicking on all cylinders like the seahawks they are primed for a good run. >>trace: but he still looked good. and black monday with seven coaches being fired, i think andy reid goes dot chargeers. >>guest: and someone like smith will land in kansas city or buffalo. some coaches have their pick because they don't have disdain of too many spots they have not succeeded with andy having a great track record. he ran out of steam with the eagles and he will find a job as will suspicious -
washington? they are now in the playoffs? who do you think surged at the end the most? >>guest: if you look at what the redskins are doing, it is very impressive, they were 3-6 at one point and the coach was trying to rally the troops and naming r.g. iii as co-captain and they have taken off. if you look who will ride the momentum more, the team they are playing against, the seattle see hawks are peeking at right time and r.g. ii is not the same quaterback of last few weeks with the knee...
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>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven weeks to do something big, and they didn't. they kicked the can down the road. >> they add decade to do something big. jimmy, listen, we are heading into the nur yeanew year, it is time for forgiveness. i will defend congress for a second. i was thinking about this last night, right? they are in an impossible tossing. if they say, i'm sorry, you won't get everything promised. period. next election they are go gone because someone will step up and say, sure, i will give you everything. i don't know how i'm going to pay for it. so i feel a little bad for c
>> i think washington, d.c. everyone. rs everyone. i think what joe mentioned yesterday is exactly right. people are looking at washington and seeing a dysfunctional city, dysfunctional government and we've got to prove them different and we've got, i think, we've got two to three months to really do something significant. you know, the campaign to fix the debt, which is bipartisan, greg and bloomberg and i are co-claire, we've been calling for them to do something big. they had seven...
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back to capitol hill with congressman jason almeyer of washington. what did you think of what sue said there? maybe the markets need to send you all a signal. what would you think about that? should we see a plunge in the markets before maybe that prompted you guys up there on capitol hill to do a deal? >> we shouldn't have to see that. if you remember back in 2008, that is what happened? the second vote was successful. let's hope that doesn't happen this time. i think everybody realizes that if we are unsuccessful today, and avoiding the fiscal cliff, the markets are going to react. luckily from the market's perfective, tomorrow is a holiday and then the following day seeing a downturn. we know that's the case and getting very close. i get the sense around the capitol that we're getting close to a deal and i do think we can get this done. >> okay. what gives you that sense? you said you get a sense walking around. what is it? in conversations? are you hearing whispers? putting a glass up to the door and trying to listen to the noeshss? what are you
back to capitol hill with congressman jason almeyer of washington. what did you think of what sue said there? maybe the markets need to send you all a signal. what would you think about that? should we see a plunge in the markets before maybe that prompted you guys up there on capitol hill to do a deal? >> we shouldn't have to see that. if you remember back in 2008, that is what happened? the second vote was successful. let's hope that doesn't happen this time. i think everybody realizes...
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that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to social spending, which have not yet been worked out. so we're following all of that, and waiting to hear more about these outlines of a deal that have started to emerge. deb, back to you in atlanta. >> joe, also said that he would prefer to have done a grand bargain, but he's willing to take right now what he can get. late last night, when talks seemed to have broken down, vice president joe biden swooped in to help get them restarted. biden took an urgent call from mitch mcconnell, and the two agreed to plow forward again today. keep in mind this is the same
that's coming up. >>> joe johns here in washington, d.c. where we are following the fiscal cliff negotiations. we just heard from the president of the united states here in washington, saying that a deal is within sight, but it is not done. he urged his supporters to keep the heat on congress until it's done. he focused among other things the fact that this deal would extend tax credits for families, extend the tuition tax credit and other things. also expressed concerns about cuts to...
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i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is what will the president be saying, and senior advisors here as well as senators i've spoken to say they do not expect that he is making any nounment of a deal, so we'll wait for the white house to determine that for sure. what we've been hearing is that they h
i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc...
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given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a tentative deal. but it does not at this point involve any spending cuts. it puts off the sequestration, the mandatory cuts that were set to take place if no deal was reached by january 1st. it also includes tax increases, tax rate increases on some upper income brackets. again these are all tentative reports about a possible deal. the president set to speak at about 1:30pm eastern time and we'll carry it for you live right here. arthel: new controversy surrounding the bankruptcy filing by the city of stockton, california. city leaders are apparently going to p
given the deadlock in washington does he have a point? we'll see what history has to tell us and debate fair & balanced. rick: a fox news alert. we are 15 minutes away from hearing from president obama who is scheduled to speak on the on going negotiation toss try to avoid going over the so-called fiscal cliff. we got word the president is going to talk. we have been getting word over the last couple of phepbts about the framework for a possible deal that has been reached. this is a...
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washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor
washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts...
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all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're keeping an eye on duff and phelps. this is a private equity firm, struck a deal to buy that company for $365 million that is 19% premium from the closing price on friday. duff is up almost 20% on the day. year-to-date up 8%. not a bad way to close out the year for duff and fellsps. back to you. lori: thank you. there is little optimism. the fact we heard from the president who seemed to helicopter in as liz macdonald was suggesting to me in the greenroom here and that we are seeing some numbers. looks like the tax cut threshold, 400 for in
all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a huge amount of optimism. still across the board green. we're...
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know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did actually admonish the europeans to get a deal done. tim geithner said again and again it was time for the europeans it to stop messing about. the canadian finance minister was furious at the g-8, the way the europeans were may having. geithner even came over to europe to try and sort of chimy them along he was so woerried. i don't think the fiscal cliff is quite as dramatic and dreadful as if there was a greek exit for all of the euro zone collapsed. that would have been far worse, but this drip you're talking about it hour after hour. this drip, drip, drip effect is corrosive to investor confidence and co
know if washington is listening to anybody outside of washington yet, but we'll see how the day goes. there's a lot of blame directed to the united states, but you know, you look at the euro zone, and it had its own issues. it took them quite a bit of time before they could actually get their own deal, their bailout deals done. is there a backlash, do you suppose? is there a bit of blame that is actually not warranted? >> reporter: and you're right. you'll remember the president did...
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you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can you follow alsxex now at facebook.com/now with alex. andrea mitchell reports next with chris sitting in for andrea, and will he have the president's live remarks on the fiscal cliff. good afternoon to you, chris. >> hello, joy. thank you very much. coming up, are we close to a deal? president obama will speak in about 30 minutes. we'll have it live. also joining us delaware senator chris kuhns, jack kingston and maryland democratic congressman elijah cummings talking about the cliff and the deal, maybe. we're also live at new york's presbyterian hospital with the latest on secretary of state hillary clinton's condition
you know what, her social security is guaranteed because nobody in washington is going to go after it. >> you got it. >> thank you very much. i want to thank ben, jen, jimmy, and machine kay and jim a's mom, and that is all for now. alex returns here on wednesday on noon eastern, 9:00 a.m. pacific, and she'll be joined by rnc chair, meeblg steele, e sfwl ra clean, the "new york times" hugo lindgren, times rona, and norm ornstein of the american enterprise institute. can...
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should washington compromise or go over the cliff? joining us from bay city, michigan, democratic line. caller: i am calling in in reference to this. i think that we paid today. into social security for 40 years. they should not touch that. they should leave medicare alone. i would like to have a list of all the people that want these pork barrel things in. the names and states of the people who want this. we voted them in and they should be working for the people and not the party. >> where is your frustration level with regards to congress and the president? caller: the president should get off of his high horse and just renew the tax cuts and go on and cut these pork barrel things. one guy wants this from this state, one guy wants that from that state, i am tired of hearing this. >> we have gathered all of the information on our website. on our homepage we will continue to monitor what happens in the house and senate as lawmakers continued to move closer to the tax issue, something we talked about this morning on "washington journa
should washington compromise or go over the cliff? joining us from bay city, michigan, democratic line. caller: i am calling in in reference to this. i think that we paid today. into social security for 40 years. they should not touch that. they should leave medicare alone. i would like to have a list of all the people that want these pork barrel things in. the names and states of the people who want this. we voted them in and they should be working for the people and not the party. >>...
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doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to do. as automation increased longshoremen's union demanded their job security preserved but the industry finds it prohibitively expensive. >> an tick waited rules. we've seen it in the automotive industry, the steel industry, in several productivity machines and they come into play and people get displaced by. that it is a difficult thing. in order to maintain the cost and competitiveness in a global marketplace we have got to pay attention to. >> reporter: in some respects president obama is caught in a web of his own making. he wants to be competitive in t
doug mckelway joins us live from washington with details. and, doug, the complaints of the longshoremen whose strike was temporarily averted last week is a symbol what is threatening unions across the u.s., right? >> reporter: it sure is, uma. the longshoremen reached a temporary, 30-day deal last week, last friday which puts off immediate threat of a strike but the long term problems remain. today, for example, it takes one longshoremen to do a job that a generation ago took three men to...
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we'll have the latest from washington. and the traditional drink of the new year. there is some money to be made here. as you can see, core bell. its annual visit. as we go to break, take a look at some of the day's winners over on the s&p. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong ko. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 fi
we'll have the latest from washington. and the traditional drink of the new year. there is some money to be made here. as you can see, core bell. its annual visit. as we go to break, take a look at some of the day's winners over on the s&p. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong ko. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab,...
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no matter what happens today, washington failed. the white house failed. they will not solve all the issues put in front of them. and if you get a deal today, it's likely going to kick down a few months down the road a lot of the key issues. they are talking about a mini deal that will deal with tax rates. it might deal with unemployment insurance. but it's not a comprehensive solution. people should be aware of that when they see reports later on today that there's been some deal. >> i think you're absolutely right. all three of you, we face this period of deadline after e deadline, short-term solutions to long-term problems. . it shows a budget process that's aggravating. so far the world markets have been saying we still think america is the best place to invest. ironically, all of this drama about us getting out of debt has made it cheaper for us to borrow money. we have a lot of work to do. we will be talking about this in the days to come. thanks all of you. next i'll ask what measures lawmakers are taking to avoid this manmade, this congress-made di
no matter what happens today, washington failed. the white house failed. they will not solve all the issues put in front of them. and if you get a deal today, it's likely going to kick down a few months down the road a lot of the key issues. they are talking about a mini deal that will deal with tax rates. it might deal with unemployment insurance. but it's not a comprehensive solution. people should be aware of that when they see reports later on today that there's been some deal. >> i...
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>> that is what's wrong with washington. you know, people who invent conspiracies behind every cloud. these are the same people who said the moon landing was staged in a hollywood set. let this woman rest and get well and give her some space. stop creating a conspiracy behind every cloud. >> thank you so much democratic congressman steve israel of new york. appreciate it. >> thank you. >>> it's already new year's in new zealand. the first major city in the world to welcome in 2013. in australia over a million people turned out to watch a spectacular display at sydney's harbor bridge. then in tokyo monks rang in the new year ringing a temple bell 108 times in keeping with their tradition. nbc's ron mott is in new york's times square where preparations are under way for tonight's big show. >> a good new year's eve to you, richard, here in times square. on 365 days of the year it is a pretty electric place with all of those lights. it will be especially so tonight. an estimated crowd of a million plus are expected to jam into t
>> that is what's wrong with washington. you know, people who invent conspiracies behind every cloud. these are the same people who said the moon landing was staged in a hollywood set. let this woman rest and get well and give her some space. stop creating a conspiracy behind every cloud. >> thank you so much democratic congressman steve israel of new york. appreciate it. >> thank you. >>> it's already new year's in new zealand. the first major city in the world to...
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washington doesn't tax too little. it spends too much. until we recognize that and deal with what is driving federal spending, we are going to continue to saddle future generations with more debt, with more liabilities, with a lower standard of living and a lower quality of life than we've experienced and that is not fair to emthis. it's time for us to demonstrate the political courage that is mess to take on the big -- the political courage that is necessary to take on the big issues and have the a vote. late put it on the floor and let's vote on t let's do something around here that matters, that is meaningful to the future of this country. rather than wait until the last day and the last hour and allow two people to sit in a room and decide the fate and the future of this great country. mr. president, i yield the floor. mr. paul: mr. president? the presiding officer: the senator from kentucky. mr. paul: something you may have heard, there's something called the fiscal cliff aproposing. and we must do something about it or we will go ov
washington doesn't tax too little. it spends too much. until we recognize that and deal with what is driving federal spending, we are going to continue to saddle future generations with more debt, with more liabilities, with a lower standard of living and a lower quality of life than we've experienced and that is not fair to emthis. it's time for us to demonstrate the political courage that is mess to take on the big -- the political courage that is necessary to take on the big issues and have...
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let's bring in "usa today" washington bureau chief susan page and "the washington post" congressional reporter ed o'keefe. good morning to both of you and happy new year. >> good morning. >> same to you. >> the senate returns in about an hour. how close are they? what are you hearing? >> you know, i think it is conceivable that we'll have a new year's eve miracle and there will be a deal but i think the safe bet is against it. for this to happen in the next 14 hours you need to have no senator object to a majority vote, you know, any senator can start to filibuster and force the vote total up to 60 to continue working on any kind of deal they reach. and then you need john boehner to agree and house republicans to agree to bring it up in the same version or very similar version and i think the hurdles that have prevented us from getting a deal for two years are still there. so, i mean, we'll see what the next 14 hours brings but i wouldn't be too optimistic. >> if the senate does manage to hammer out a deal what are the chances the house will go along? you heard what chris van hollen s
let's bring in "usa today" washington bureau chief susan page and "the washington post" congressional reporter ed o'keefe. good morning to both of you and happy new year. >> good morning. >> same to you. >> the senate returns in about an hour. how close are they? what are you hearing? >> you know, i think it is conceivable that we'll have a new year's eve miracle and there will be a deal but i think the safe bet is against it. for this to happen in...
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margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her recovery from a recent concussion. >> thank you very much. how are you? >> reporter: clinton's health scare began after she contracted a stomach illness following a whirl wind trip through europe. that virus led to extreme dehydration, which caused her to faint and sustain a concussion. according to doctors at george washington university hospital and mt. kisko medical center, she's been recuperating at home since early december. secretary clinton also suffered a blood clot in her knee when she was first lady. in her autobiography, she said that doctors attribute
margaret brennan is in washington with the latest. margaret good morning. >> reporter: good morning to you. secretary clinton is taking anti-coagulant to thin out the blood clot. doctors will monitor her for at least the next 48 hours. >> a warm welcome to the secretary of state. >> reporter: secretary of state hillary clinton was admitted to new york presbyterian hospital on sunday after doctors discovered a blood clot during what was termed a follow-up exam to check on her...
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talks have resumed in washington to avoid tax hikes. democratic leaders proposing families can earn up to $450,000 without tax hikes no word on how that is playing with republicans. both houses need to pass a bill and get it to the president to sign before midnight, eastern time. >> developing news, early morning house fire in san francisco has sent two people to the hospital, 1:00 firefighters responded to athens street. they found a two story structure fully engulfed in flames it took over an hour to knock them down. the cause of the fire is under investigation. >>> sue hall off today. drive time easy today being a holiday or i should say the day before a holiday a lot of folks off work, 84, 580, all easy in terms of drive times shorter than usual. we have to let you know about black ice issues out there. inland spots especially, contra costa county near san pablo dam road there was an accident and a car is still overturned there. mass transit, muni on a saturday schedule. meteorolo >>> beautiful picture from mount tamalpais towards m
talks have resumed in washington to avoid tax hikes. democratic leaders proposing families can earn up to $450,000 without tax hikes no word on how that is playing with republicans. both houses need to pass a bill and get it to the president to sign before midnight, eastern time. >> developing news, early morning house fire in san francisco has sent two people to the hospital, 1:00 firefighters responded to athens street. they found a two story structure fully engulfed in flames it took...
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jamie dupree is in washington, d.c. where new numbers are being tossed around this morning. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> stocks are mixed. they were found for a while. that would be down for the fifth day in a row. the five-day losing streak for the dow would be the longest since july. the dow you can see it's turned positive. it's up just slightly. the nasdaq is also up 22. s&p down 4. now, u.s. stocks are not the only indexes affected. the major european indexes are down about .5 by now. in asia, most st
jamie dupree is in washington, d.c. where new numbers are being tossed around this morning. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation...
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i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every single person who earns over a certain amount of money will pay a higher medicare tax. everybody who uses a medical device will pay a higher price for that medical -- medical device because of a new obama tax. taxes are going up period. is that the way you get growth? what is the president doing about this? all he's standing for is tax increases. that's all he's got. that is not prosperity on the horizon. it is not. >> well, that's not really all he's got though, stuart. i mean look, there are plenty of economists who think that the stimulus helped our economy, hel
i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every...
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washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule, wide open. i have a feeling he might be involved in the fiscal cliff talks? maybe. you're watching "the daily rundown." it's only on msnbc. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card
washington's latest game of brinksmanship collides with the last big budget mess. don't forget, the debt ceiling debacle is back. could it be the gop's last bit of leverage in the cliff negotiations? former republican senator judd gregg joins us next. >>> and developing news. we're live at the hospital where secretary of state hillary clinton is being treated after doctors discovered a potentially dangerous blood clot. >>> but first, a look ahead at the president's schedule,...
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john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happening under current policy. remember, current policy is 35% tax on estates of $35 million or more. democrats are going to be insisting on somewhat more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, th
john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way...
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doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where efficient will see and new productive machines can come into play and people get displaced by that. it's been a difficult thing but it's one of the things that in order to maintain the cost and competitiveness in a global marketplace we have to pay attention to. >> reporter: president obama is
doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a...
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the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa, and north dakota. while the south will see some thunderstorms move through later as well. >>> kim kardashian expecting her first child with favorite bad boy rapper kanye west. a spokeswoman for kardashian confirmed the news to cnn. twitterverse exploded sunday night african yes told his conce concertgoers, stop the music for my baby mama. >>
the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the...
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Dec 31, 2012
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hensac in washington as well as michael steele in washington. so we have a great panel to talk to you, congressman, this morning. you were the guy willing to cut a deal, i think at that $250,000 limit. i don't know how ostracized you got from your party on that, but -- >> actually, i'm very popular now. >> are you? you're popular, really? why are you still sitting here? >> well, honestly, again, i've never changed my mind. i think we've dealt with the revenue question early, which is not the answer to the problem, but it's a step toward it. then we could have moved toward where the real issues are, and that's spending restraint and entitlement reform, and that's what we should have within talking about over the last four weeks. having said that, that's what we'll talk about over the next two months. we'll finish this revenue piece i think in the next few days, hopefully before the 3rd, before this congress ends. and then we're going to move on to dealing with spending and entitlements, because that's the only way you can actually solve the fisca
hensac in washington as well as michael steele in washington. so we have a great panel to talk to you, congressman, this morning. you were the guy willing to cut a deal, i think at that $250,000 limit. i don't know how ostracized you got from your party on that, but -- >> actually, i'm very popular now. >> are you? you're popular, really? why are you still sitting here? >> well, honestly, again, i've never changed my mind. i think we've dealt with the revenue question early,...
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Dec 31, 2012
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somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's money. it's the arrogance of power that congress spends the people's money without regard to how this obsession affects those very people. when american families are in debt, they sacrifice, they cut spending, whether that means taking one less family vacation or fewer presents under the christmas tree. homes across the fruited plain are feeling the pain of the economic squeeze in their wall etc. and they adjust accordingly. -- wallets and they adjust accordingly. that's what happens when times are tough. families don't have a limited credi
somehow washington never gets the message. and here we are 30 years later on the brink of another crisis on new year's eve still addicted to spending money. now, we are over $16 trillion in debt. president reagan's words and principles remain true today, and they were true when he said them. the problem is spending money. mr. speaker, the american people know this. why doesn't the federal government and congress understand it? why? because washington is obsessed with spending someone else's...
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Dec 31, 2012
12/12
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cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her. it's been a rough couple of weeks, first the flu, and then the concussion, and now this. it's especially worrisome when you have a secretary of state who's traveled now almost 1 million miles by air, and they've put that on hold, any type of travel on hold for at least another couple of weeks. right now i can't imagine that she is going to be doing much of anything travel-wise. the big issue for the secretary, when she came back -- she was supposed to come back -- was the hearing, a couple of hearings on capitol hill about benghazi, and the state departmen
cnn's jill dougherty is live in our washington bureau. jill, you and i have been talking closely this morning, but have you learned any more about her condition or anything from her doctors? >> reporter: no, we've been asking, but so far no updates. the state department had a statement sunday night. we're hoping we'll get something new. at this point, it would appear they're really just watching very carefully to see how those anti- anti-coagulants, what kind of effect they have on her....
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Dec 31, 2012
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is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house correspondent political director and host of "the daily rundown," chuck todd is with us as well. >> don't you know the trick? above the waist is all you have to worry about. you could have faked it. i mean, mika's wearing shorts, right? >> he's got his jammies on. >> i think the seriousness of what's going on is matched by my outfit. >> so you're wearing pajama pants with bozos all over them, right? >> more or less. >> so let me just ask you a question. it's sort of big picture. this was set up over two years. everybody put this deadline in place to force washington to confront the nation's debt. this was a big deal, this deadline. and we're going to come out of it with either nothing and go over the fiscal cliff, or some small piddly kick the can down the road, i'm so tired of that statement, little mini push it off thing. what are we doing here? >> it's an excellent question. and i think the next 16 1/2 hours, honestly, mika
is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house correspondent political director and host of "the daily rundown," chuck todd is with us as well. >> don't you know the trick? above the waist is all you have to worry about. you could have faked it. i mean, mika's wearing shorts, right? >> he's got his jammies on. >> i think the seriousness of what's going on is matched by my outfit. >> so you're wearing...
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Dec 31, 2012
12/12
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WBAL
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liberty road at washington still has downed wires an accident at liberty road and essex ave. it is moving well at the fort mchenry tunnel. on the north side, you are at 55 miles per hour. jfx is 40 miles per hour, 50 at sandy point and light volume into the toll plaza, no delays, hour drive times are looking good on the inner and outer loop. >> a little chilly to start the day because we have the upper 20's across the metro area but it will feel better in the afternoon with much less the wind and a little bit of sunshine with temperatures 41- 45. for tonight, we drop down into the 30's in many areas it is chilly but that is to be expected for the first morning of january with mostly cloudy skies and a sprinkle or flurry as possible. it should be mostly dry and we're watching a new storm system with the rain/snow mx. we will watch out for this on new year's day which is only a 30% chance. nothing should accumulate on the roads. the high temperature to more will be 42 degrees. near 40 for the rest of the week. for now, things are looking quiet. morni morning, the 31st of decemb
liberty road at washington still has downed wires an accident at liberty road and essex ave. it is moving well at the fort mchenry tunnel. on the north side, you are at 55 miles per hour. jfx is 40 miles per hour, 50 at sandy point and light volume into the toll plaza, no delays, hour drive times are looking good on the inner and outer loop. >> a little chilly to start the day because we have the upper 20's across the metro area but it will feel better in the afternoon with much less the...
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Dec 31, 2012
12/12
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WJLA
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jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: with that, vice president biden is now impemers as a key player, play
jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders...
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Dec 31, 2012
12/12
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WRC
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>> no, only in washington when you say stepping down to spend time with your family means you're being fired. there's something really wrong with society. >> we appreciate you being here, ann marie. and happy new year, of course. >>> up next from gangnam style to adele, the hottest music al acts of 2012 after this. treatme. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. yep...doh. [ boy ] slurpably fun and a good source of calcium. dads who get it, get go-gurt. to make peanut butter so deliciously creamy. ♪ it can even be a game changer. that's why choosy moms and dads choose jif. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pi
>> no, only in washington when you say stepping down to spend time with your family means you're being fired. there's something really wrong with society. >> we appreciate you being here, ann marie. and happy new year, of course. >>> up next from gangnam style to adele, the hottest music al acts of 2012 after this. treatme. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just...
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Dec 31, 2012
12/12
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FOXNEWSW
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washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come right back. they score to tie it up. this game was all about one guy. edwin was waiting for adrian petersen to break the record of aaron dickerson. he came so close . had he scored he would have had the record. he came up nine yards and anddoes go over the 2000 yard mark and stockholder greatest season . might be your mvp if you can beat out peyton manning. there is the field goal. and get a rematch with the packers, adrian petersen is the man. >> here is your playoff match up. another game between the vikings and packers. shou
washington beat dallas. 28-18 . win or take all game for washington in the 7-game winning streak thanks in a large part to the rookie alfred morris. rg3 was injured in the ballgame and threw for about a hundred. he was a beast in this game. what a season he's had . another great game and a thrilling finish for the packers and vikingings. christian ponder finds michael jenkins for a touchdown. ponder had probably his best game of the season at a crucial time. aaron rogers and you the pack come...